Head Topics

Top Shareholder Rejects New Offer for Australia's Biggest Energy Retailer

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 1 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 66%

Business News

Shareholder,Reject,Offer

The top shareholder of Australia's biggest energy retailer, Origin, has announced that it will reject a new offer made by a consortium led by Brookfield. This comes after it became clear that investors would vote down an earlier bid. The new offer, which would allow institutional investors to retain parts of the company, has been deemed inferior and complex by Origin's board.

Top shareholder rejects new offer by Brookfield-led consortium to buy Australia's biggest energy retailer after investors vote down earlier bid.

Source: News Formal (newsformal.com)

Shareholder Reject Offer Consortium Energy Retailer Bid Investors Institutional Investors Company Board

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Origin Energy’s top shareholder opposes Brookfield’s $9.8-billion takeover offerThe Brookfield-led consortium has given no indications publicly it is considering upping the value of its bid for Origin ahead of the shareholder vote
Source: globeandmail - 🏆 5. / 92 Read more »

Brookfield’s $11.9 Billion Origin Takeover At Risk as Top Investor Opposes PactBrookfield Asset Management Inc.’s planned A$18.7 billion ($11.9 billion) acquisition of utility Origin Energy Ltd. is under threat after the target’s top investor said it would vote against the deal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Origin Energy's top shareholder rejects Brookfield's 'best and final' $10.5 billion bidThe consortium led by Canada's Brookfield, which also includes EIG's MidOcean Energy, is proposing Origin shareholders A$9.53 per share, up from the prior...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Origin’s Top Investor to Reject Brookfield’s A$19 Billion BidOrigin Energy Ltd.’s top investor AustralianSuper said it will reject an improved A$19.4 billion ($12.5 billion) takeover offer from a Brookfield Asset Management Inc.-led consortium.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Origin Energy's top shareholder rejects Brookfield's 'best and final' $10.5 billion bidExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Top Origin Investor to Snub Brookfield’s A$19 Billion Bid(Bloomberg) -- Origin Energy Ltd.’s top investor AustralianSuper said it will reject an improved A$19.4 billion ($12.5 billion) takeover offer from a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »